Mizuho Securities has reduced its price target for Circle (CRCL) to $70 due to significant risks affecting mid-term profitability. This adjustment reflects the firm’s assessment of potential challenges that could impact Circle’s financial performance in the coming years. Analysts at Mizuho noted that these risks may hinder the company’s ability to achieve stable earnings growth. The downgrade signals a cautious outlook for Circle as it navigates the evolving market landscape and seeks to maintain its competitive position.
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